Evaluation of Responsibility Accounting in Public Sector Transparency in Kontagora LGA
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- NGN 5000
Background of the Study
Responsibility accounting is a managerial accounting system that tracks the financial performance of various departments or units within an organization. In the public sector, particularly in local government areas like Kontagora LGA, responsibility accounting can enhance transparency and accountability by ensuring that individual departments are held accountable for their financial performance. This study will evaluate the role of responsibility accounting in promoting public sector transparency in Kontagora LGA.
Statement of the Problem
In Kontagora LGA, there is a need to enhance transparency and accountability in the management of public funds. Responsibility accounting can help by clearly assigning financial responsibility to different departments, ensuring that budgetary allocations are utilized appropriately. This study aims to assess how responsibility accounting can improve public sector transparency in Kontagora LGA.
Aim and Objectives of the Study
Aim: To evaluate the role of responsibility accounting in promoting public sector transparency in Kontagora LGA.
Objectives:
- To examine the application of responsibility accounting in Kontagora LGA.
- To assess the impact of responsibility accounting on financial transparency in the public sector.
- To identify challenges in implementing responsibility accounting in the public sector.
Research Questions
- How is responsibility accounting applied in the public sector of Kontagora LGA?
- How does responsibility accounting impact financial transparency in the public sector?
- What challenges are faced in the adoption of responsibility accounting in Kontagora LGA?
Research Hypothesis
- H₀: Responsibility accounting does not significantly improve financial transparency in the public sector of Kontagora LGA.
- H₀: There is no significant relationship between responsibility accounting and public sector transparency in Kontagora LGA.
- H₀: Challenges in implementing responsibility accounting do not significantly affect public sector transparency in Kontagora LGA.
Significance of the Study
The findings of this study will provide insights into how responsibility accounting can enhance financial transparency and improve public sector governance in Kontagora LGA.
Scope and Limitation of the Study
The study will focus on the public sector entities in Kontagora LGA, with limitations including data availability and potential resistance from public sector employees in adopting responsibility accounting practices.
Definition of Terms
- Responsibility Accounting: A system of accounting that assigns responsibility for financial performance to specific departments or units within an organization.
- Public Sector Transparency: The openness and clarity with which government agencies report financial information and manage public funds.
- Financial Accountability: The obligation of public sector entities to demonstrate that funds are used appropriately and efficiently.
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